ARKY vs. QQQ
Compare and contrast key facts about ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and Invesco QQQ (QQQ).
ARKY and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKY is an actively managed fund by ARK. It was launched on Nov 14, 2023. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKY or QQQ.
Key characteristics
| ARKY | QQQ | |
|---|---|---|
| YTD Return | 9.13% | 15.96% |
| Daily Std Dev | 60.10% | 17.68% |
| Max Drawdown | -42.10% | -82.98% |
| Current Drawdown | -36.42% | -5.86% |
Correlation
The correlation between ARKY and QQQ is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ARKY vs. QQQ - Performance Comparison
In the year-to-date period, ARKY achieves a 9.13% return, which is significantly lower than QQQ's 15.96% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ARKY vs. QQQ - Expense Ratio Comparison
ARKY has a 1.00% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ARKY vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Not enough dataDividends
ARKY vs. QQQ - Dividend Comparison
ARKY's dividend yield for the trailing twelve months is around 1.54%, more than QQQ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 1.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
ARKY vs. QQQ - Drawdown Comparison
The maximum ARKY drawdown since its inception was -42.10%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ARKY and QQQ. For additional features, visit the drawdowns tool.
Volatility
ARKY vs. QQQ - Volatility Comparison
ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) has a higher volatility of 13.90% compared to Invesco QQQ (QQQ) at 6.05%. This indicates that ARKY's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.